Why did the USD/JPY just collapse 400 pips?

Discussion in 'Forex' started by SteveM, Jan 2, 2019.

  1. SteveM

    SteveM

    Anyone know why?

    Capture.PNG
     
  2. Related to Apple warning or whatever no?
     
  3. Overnight

    Overnight

    Maybe because Japan just came off a 4-day bank holiday, and at 6PM their FX desks just opened? They have a lot of stuff to digest after their long vaca.
     
    drm7 likes this.
  4. Snuskpelle

    Snuskpelle

    Was on the right side of this one, kinda sux I didn't have any algo/trailing stop to close at the favorable price though.
     
  5. wrbtrader

    wrbtrader

  6. DepthTrade

    DepthTrade

    Every so often the market likes to remind us why it's important to use stops. That's why :)
    stop hit usd jpy.png
     
  7. Snuskpelle

    Snuskpelle

    Gotta be lucky to have it narrow enough that you get filled before the real (algo) panic starts.